SOFTBANK, Yahoo! Invest in Webhire

SOFTBANK Capital Partners LP and Yahoo!
Thursday invested $20 million in major application
service provider Webhire Inc.

The SOFTBANK
Corp.
affiliate now holds a 39 percent interest in Webhire (HIRE)
from the investment and a separate, private transaction.

Also, SOFTBANK affiliate Yahoo! (YHOO)
took a $1.5 million stake.

Webhire, a leading ASP in the business-to-business Net recruiting
marketplace, will use the funds to improve Net growth plans, which includes
content upgrades and aggressive marketing strategies.

“Because of SOFTBANK and its affiliates’ support, we’ve been able to
accelerate our execution of our overall strategy to lead the marketplace by
providing business-to-business Internet recruiting solutions directly over
the Internet,” said Marty Fahey, Webhire president and chief executive
officer.”

SOFTBANK Corp. and its affiliates hold interest in more than 100 Net
companies, including Yahoo!, ZDNet and
E*TRADE (EGRP)

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